It's not the price of gas

[Minnie's Mate]

Someone's living in a state of denial.

[Minnie's Mate]

Originally Posted by bizcamp

Oil 49.93bbl. Biggest drop in shortest time in history of gasoline.
Guess the myth that "they" raise the price fast but drop it slow to try and maximize "their" profits...is over...
Hopefully, the facts of the last few weeks have proved that there is not a conspiracy by anyone to stick it to the consumer when it comes to the price of gasoline.

Bizcamp

This doesn't prove that there would have been the same drop in price if the U.S. hadn't experienced the biggest financial meltdown in history. I don't see that there is any weight to your argument.

[henw]

Fuel prices will climb sharply again. Every other week you read columnists who state that we must have $4.00/gal gas to insure the development of wind powered cars and the like. The powers that be sure don't seem to be working in the direction of affordable gas.
The drop in fuel prices from July until now, is the equivalent of giving the average family a $1500 annual stimulus package. That's money they can spend elsewhere in saving the economy.

[Larry in MO]

All the old time stock market fans are aware of this:

http://www.prestigeadvisors.com/The_Tulip_Bulb_Mania.htm

In recent history, the dot.com boom that tanked, the housing market that tanked, and the stock market that is tanking are three perfect examples of the mindless euphoria, or the feel that things will go on forever.

If you consider that the oil market is global and that it is an auction, it is perfectly clear. I think the slowing of demand has had some to do with it but the end of this month will tell--we haven't heard from the hedge funds yet.

More to the point: and you thought tulip bulbs originated from Holland!

[bizcamp]

Gas is down for good now, estimate $2.25 gal for the next decade.

Again, the rise in prices was temporary. We win!

Look at the link proof and refute the previous posts....

If the big guys "manipulate oil" why did oil go down to 32bbl recently in the biggest drop in bbl oil in the history of the world! I guess "they" can't keep it up, eh?

It is a consipiracy to "lower the price of fuel" eh? Get real and buy the deal!

Denial, yeah sure! Look at the facts and quit trying to fit in with all the other "read the headlines and complainers." Start thinking, quit drinking!

You could of tripled your investment if you had bot the DUG/ETF when the pros did, thats alot of gas today and into the future.

Proof of longterm down trend in oil...since 1920 to now.
CARPE DIEM: Gas is Cheaper Today Than the 1920s, 1930s, 1940s, 1950s, 1960s, 1970s and First Half of 1980s

[bizcamp]

Update on oil. Price at the low was 31Bbl now 67Bbl. How about that drop from 147 to 31?
Make gas money on the way down, bot oil at the high 30s average. Hold on long term now.
Best opportunity since the 12Bbl lows a few years back to own oil to offset your price at the pump. Did you buy those TVs and Rvs when you had the chance?
Go long or be wrong!
Bizcamp

[bizcamp]

New advances in drivetrain, powerplant and energy storage announced last week will provide efficiencies in gas mileage into the 100MPG range.
No maintenance powerplant, multifuel capability and plug in plus recharge duality.
We are on the verge of the biggest change in gas consumption since the invention of the combustion engine.
No more engine or drivetrain maintenance! Bye, bye repair bills, hello reliability at low cost.
4 times more energy efficient! Can you say gas at $1.50.
Virtually no emissions! We can be green and not overpay for it!
This solution can be engineered for any driving option.
TVS, Passenger cars, Buses.
What is the price of oil if everyone that drives is using 75% less?
Can you say going (staying) down?
Best of all you will get 1000 miles on a 10 gallon tank of gas!
Get ready to drive your butt off!
Smokin!
Bizcamp

[bizcamp]

4$ a gallon gas is over..
Long term price should be 1.50 - 2.25 a gallon for many years in to the future.
Get ready for the golden age of RVing.
Low gas prices and high efficiencies from the new engine/drivetrain technologies will force the price of oil down and increase oil usage in the future.
Recent discoveries of new oil deposits and the recent rationalization of oil prices will bring an era of unprecedented efficiency on all the important fronts...
If you bot your TVs when prices were low, got a good price on an RV when the dealers and owners were panic selling, now you have decades of low prices for energy coming...
Price of Oil is currently 60BBL and that should be just about it for the near term rise.
Stay tuned for the next move..
See you down the road!
Bizcamp

[pageclot]

I'd love to see 100mpg when towing. The skeptic in me says that it won't be in my lifetime.

[bizcamp]

Originally Posted by pageclot

I'd love to see 100mpg when towing. The skeptic in me says that it won't be in my lifetime.

I would agree you won't see 100mpg but you could see 50mpg while towing and that is a five fold increase...I would take that...

Not so greedy,
Bizcamp

[bizcamp]

$70bbl oil is now being talked about as the "reasonable price" for the future...
This is too high. Pulitzer prize winner of the Prize, Daniel Yergin mentions in a piece he wrote lately that "peak oil" theory is probably flawed. New discoveries in non-conventional oil, the new code for oil we thought we would never recover, are changing the equation. We have plenty of oil.
Technology has always overcome the scarcity concern over time...
I reiterate that the trend towards $1.00 gallon gas is in place and you can and will benefit from it...
The golden age of "streamin" has begun...
Get out there and have some fun,
Now I am done....

Bizcamp

[bizcamp]

Here is the full piece about Oil lately and into the future...
Yergin is a very balanced view....
He is considered "the experts, expert."
Notice, even he agrees that non-conventional oil and technological advances will be enough to keep oil prices down long term...
By the way, notice he refers to the combustion engine getting more efficient by 2-3x.
More like 5x, wonder who he's been listening to?
Only bet and predict when you know the outcome, eh?

O, Bother,

Bizcamp

[Gene]

Gasoline prices have been pretty stable over the years, but inflation makes it seem like we are paying more and more. There's a ton of info about historic gas prices (some contradictory), and using an inflation calculator, I came up with this: gas was 17¢/gallon in the 1930's so using 1935 as an average, that's $2.64 in 2009 prices. I remember it being around 30¢ in 1962, so that's $2.11 today. Another chart showed gas about the same from 1949 to today with spikes in 1981 and last year. Gas is now cleaner, better formulated and vehicle mileage is better over the past generation. While I complain about gas mileage while towing, my '72 Chevy pickup got about the same mpg towing nothing.
Gene

[Dakota's Dad]

Originally Posted by CrawfordGene

Gasoline prices have been pretty stable over the years, but inflation makes it seem like we are paying more and more. There's a ton of info about historic gas prices (some contradictory), and using an inflation calculator, I came up with this: gas was 17¢/gallon in the 1930's so using 1935 as an average, that's $2.64 in 2009 prices. I remember it being around 30¢ in 1962, so that's $2.11 today. Another chart showed gas about the same from 1949 to today with spikes in 1981 and last year. Gas is now cleaner, better formulated and vehicle mileage is better over the past generation. While I complain about gas mileage while towing, my '72 Chevy pickup got about the same mpg towing nothing.
Gene

Yep, I have always felt that except for a couple odd spikes, gas prices were real steady, when adjusted for inflation. and vehicle technology has improved so much it's scary, and many think it will get even better. My first new car was a '79 V8 mustang GT, it got a smokin' 16 mpg avg from the factory, while weezing out 140hp at the crank. A new GT does 3 mpg better and puts 3 times the power to the pavement.

[pageclot]

Here's the problem. People don't value gas mileage (or not enough people value gas mileage). So all these technological advances are geared towards increasing power, without reducing gas mileage. So you get more power and the gas mileage stays roughly the same.

Does a 420 HP Mustang go any faster than a 140 HP Mustang? Maybe on a racetrack. Maybe in stoplight dragracing. I'd be happier with a 140 HP Mustang that got 35 MPG. But I'm not the Mustang customer. How about a minivan that gets 40 MPG? Or a Suburban that gets 30 MPG? A 7 passenger vehicle that tows something and gets decent mileage. Is that too much to ask?

[Minnie's Mate]

Originally Posted by pageclot

Here's the problem. People don't value gas mileage (or not enough people value gas mileage). So all these technological advances are geared towards increasing power, without reducing gas mileage. So you get more power and the gas mileage stays roughly the same. ...

It's not that I don't value gas mileage it's just that I value the things that are robbed in an attempt to increase mileage. We both might like the mileage of a 140 HP Mustang, but you still couldn't tow an Airstream with one. At least the lack of torque that it would have for merging with interstate traffic or on up hill climbs.

[bizcamp]

Hey y'all technology rules....
Look at the attachments for the recent advancements in oil and auto tech.

The times they are a changin...

Bizcamp

[Gene]

I guess this will fire up the torch bearers, but no matter how much petroleum is found, burning it causes pollution, warms the planet, and much of it comes from places where we by buying it are supporting cruel dictatorships.

Gene

[RedSHED]

Originally Posted by bizcamp

...
By the way, notice he refers to the combustion engine getting more efficient by 2-3x.
More like 5x, wonder who he's been listening to?
...

So a modern internal combustion engine that's running at 25-30% efficiency will be replaced by one that is up to 150% efficient?

The laws of physics will not be amused.

[bizcamp]

Average car 20mpg, new 100 mpg.... 100/20=5x.

Rocket science!